Private Limited Company
One Person Company
|Auditor Appointment||Mandatory||Mandatory||Mandatory after crossing turnover 40 Lacs or Contribution 25 Lacs|
|Board Meeting of Directors||Mandatory||Mandatory||Not Required|
|Annual General Meeting||Mandatory||Not Required||Not Required|
|Annual Return Filing||Mandatory||Mandatory||Mandatory|
|Income Tax Filing||Mandatory||Mandatory||Mandatory|
|Know More||Know More||Know More|
Annual compliances are the post incorporation legal responsibilities of a business entity to comply with the established guidelines.
Yes, every company registered with MCA is required to comply with compliances annually.
Every listed company and a public company having a minimum paid up share capital of Rs.5 crore must employ a whole-time company secretary.
The company has to maintain registers of directors, contracts, members, etc. at the registered office of the company.
Non-filing or late filing of the annual return attracts huge penalties and consequently, the company cannot even apply for the winding up.